Originally posted by ScriabinWell the term divestment is often used in business terms as selling off a business in order to focus in a more profitable area. In other words, did the "powers that be" allow or even foster the collapse in order to usher in a potentially more profitable outcome?
what is "divested interest?"
I guess what got me thinking about this question was a man on MSNBC named Jim Crammer. He is a stock advisor that used to run a hedge fund. Now he is retired and only participates in the Market to run charitable portfolios and to help novice investors. About mid way through 2007 on his show he went nuts saying that the Fed needed to act ASAP or the whole economic structure of the US and the world was in danger. He ranted and raved as he screamed that the Fed "knows nothing" over and over again. In fact, at the time I thought perhaps he had a nervous breakdown and they simply forgot to turn off the camera. He ranted that the Fed needed to counteract the coming storm by cutting rates ASAP, however, the Fed acted as if they were more concerned with inflation than the inverse of what was actually happening and either did not cut rates or did not do so aggressively. Of course, the markets did not start to decline until after the end of the year yet he saw the collapse coming. So here we have a retired TV stock guy who knows more that those in the Federal reserve? We have a retired TV stock guy who knows more than the active CEO's of these soon to be failing corporations? I don't buy it.
He now rants about short sellers and how the "uptick" rules on short selling need to be reinstated that were put in place after the last great crash. He says that if nothing is done, the banking industry will continue to decline until they are all taken down by short sellers even though some of the banks are actually doing "OK" in terms of their balance sheets.
Originally posted by whodeysorry, chum, but you have not explained what a "divested interest" means. Is it a term of art, or one you've made up?
Well the term divestment is often used in business terms as selling off a business in order to focus in a more profitable area. In other words, did the "powers that be" allow or even foster the collapse in order to usher in a potentially more profitable outcome?
did you mean "vested interest" and are just a bit shy about admitting it?